
IRB Infrastructure Developers witnessed a remarkable surge of 6.5 percent in early trade, reaching a 52-week high of Rs 40.95 on December 8, following the announcement of a substantial 20 percent year-on-year increase in gross toll collections for November. The company reported toll collections amounting to Rs 437.05 crore in November, compared to Rs 366 crore in the corresponding period last year. This surge in collections occurred despite a temporary slowdown in economic activities due to festival holidays during the month.
As of 3:03 PM, shares of IRB Infra were trading 2.34% higher on the NSE.
Amitabh Murarka, Deputy CEO of the company, commented, “We have observed a consistent upward trajectory in toll collection, even amidst Diwali holidays, which briefly impeded the momentum of economic activities for almost a week.”